1. Henkel further invests in its largest Indian manufacturing facility.
- Subjects
ELECTRONIC data processing ,SURFACE preparation ,NATURAL gas ,BOTANICAL nomenclature ,PHARMACEUTICAL industry ,CAPITAL investments - Abstract
Henkel Adhesives Technologies India has completed the third phase of its manufacturing facility in Kurkumbh, Maharashtra. The facility, which includes a new Loctite plant, aims to meet the increasing demand for high-performance adhesives, sealants, and surface treatment products in India. Henkel has been investing strategically in India to keep up with market expansion and currently has five manufacturing sites, two innovation centers, and other dedicated centers. In the first quarter of this financial year, Indian Oil Corporation spent around ₹8,500 crore and ONGC spent ₹8,000 crore in capital expenditure, accounting for about a quarter of their annual spending budget. State-run oil companies have a combined capex target of ₹118,500 crore for 2024-25. [Extracted from the article]
- Published
- 2024